Poland seeks $20.5 billion IMF credit line

Poland on Tuesday became the second country to ask for access to the International Monetary Fund's (IMF) new credit lines, requesting $20.5 billion to buttress the country against the crisis.

Donald Tusk, Poland's prime minister, said on Tuesday that the country wanted to obtain a one-year precautionary arrangement under the Fund's new flexible credit-line facility of $20.5 billion, which amounts to 1,000% of Poland's IMF quota.

Dominique Strauss-Kahn, the managing director of the Fund, said:

To continue reading...